Toss The Coin (BOM:544303) Piotroski F-Score: 3 (As of Aug. 17, 2026) — 40% Below Median

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BOM:544303 Toss The Coin Ltd BOM:544303
24 GF Score
Price ₹199.90
! 3 Warning Signs
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What is Toss The Coin Piotroski F-Score?

Toss The Coin BOM:544303 -2.49% 24 Piotroski F-Score is 3 as of Aug. 17, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates BOM:544303 with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 1,001 Media - Diversified companies, Toss The Coin ranks worse than 79.92% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Toss The Coin has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Toss The Coin's Piotroski F-Score or its related term are showing as below:

BOM:544303' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 5 years, the highest Piotroski F-Score of Toss The Coin was 7. The lowest was 3. And the median was 5.

Toss The Coin  (BOM:544303) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Toss The Coin Piotroski F-Score Related Terms


Toss The Coin Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Toss The Coin's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Toss The Coin Piotroski F-Score Chart

Toss The Coin Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 5.00 7.00 3.00

Toss The Coin Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 5.00 0.00 7.00 0.00 3.00

BOM:544303 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Toss The Coin's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Toss The Coin Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toss The Coin's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Toss The Coin's Piotroski F-Score falls into.


BOM:544303
24GF Score
Toss The Coin Ltd BOM:544303
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹27.0 Mil.
Cash Flow from Operations was ₹22.1 Mil.
Revenue was ₹147.0 Mil.
Gross Profit was ₹147.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (142.268 + 155.865) / 2 = ₹149.0665 Mil.
Total Assets at the begining of this year (Mar25) was ₹142.3 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹122.3 Mil.
Total Current Liabilities was ₹14.1 Mil.
Net Income was ₹12.6 Mil.

Revenue was ₹86.5 Mil.
Gross Profit was ₹86.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (51.385 + 142.268) / 2 = ₹96.8265 Mil.
Total Assets at the begining of last year (Mar24) was ₹51.4 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.0 Mil.
Total Current Assets was ₹119.9 Mil.
Total Current Liabilities was ₹11.0 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Toss The Coin's current Net Income (TTM) was 27.0. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Toss The Coin's current Cash Flow from Operations (TTM) was 22.1. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=27.042/142.268
=0.19007788

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12.551/51.385
=0.24425416

Toss The Coin's return on assets of this year was 0.19007788. Toss The Coin's return on assets of last year was 0.24425416. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Toss The Coin's current Net Income (TTM) was 27.0. Toss The Coin's current Cash Flow from Operations (TTM) was 22.1. ==> 22.1 <= 27.0 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/149.0665
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/96.8265
=0

Toss The Coin's gearing of this year was 0. Toss The Coin's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=122.306/14.111
=8.66742258

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=119.947/11.007
=10.89733806

Toss The Coin's current ratio of this year was 8.66742258. Toss The Coin's current ratio of last year was 10.89733806. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Toss The Coin's number of shares in issue this year was 1.89. Toss The Coin's number of shares in issue last year was 1.537. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=146.963/146.963
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=86.486/86.486
=1

Toss The Coin's gross margin of this year was 1. Toss The Coin's gross margin of last year was 1. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=146.963/142.268
=1.0330011

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=86.486/51.385
=1.68309818

Toss The Coin's asset turnover of this year was 1.0330011. Toss The Coin's asset turnover of last year was 1.68309818. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+0+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Toss The Coin has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Toss The Coin (BOM:544303) has a Piotroski F-Score of 3 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Toss The Coin and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Toss The Coin's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Toss The Coin ranks #800 out of 1001 companies in the Media - Diversified industry, placing it in the top 79.9%.
Is Toss The Coin's Piotroski F-Score too high?
Toss The Coin's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Toss The Coin's value of 3 is 40% below this industry median. Based on the distribution chart, Toss The Coin ranks #800 out of 1001 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Toss The Coin has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Toss The Coin's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Toss The Coin ranks #800 out of 1001 companies for Piotroski F-Score. This places Toss The Coin in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Toss The Coin's value of 3 is 40% below this benchmark. Historically, Toss The Coin's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Toss The Coin has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,001 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toss The Coin's current Piotroski F-Score of 3 is 40% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Toss The Coin and its competitors. For the Media - Diversified industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toss The Coin's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toss The Coin stock overvalued right now?
Toss The Coin (BOM:544303) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Media - Diversified industry median of 5.00. Toss The Coin's overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Toss The Coin (BOM:544303), the current Piotroski F-Score is 3 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Toss The Coin Business Description

Address No.1A, Bheemanna Mudali Street, Alwarpet, Chennai, TN, IND, 600018
Toss The Coin Ltd is a marketing consulting company. It provides custom made marketing services to clients and help businesses grow by implementing marketing operations that is creative, responsible and sustainable. The Company operates in a single business segment -providing technical design and documentation support services and caters to clients in overseas markets.
24GF Score

Get the complete analysis for BOM:544303

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹199.90
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